Lately, I've been paying more attention to interest rates when analyzing the market.

When interest rates rise and hit a ceiling, everyone's risk appetite shrinks.
The transmission to me is: don't hold positions stubbornly, when implied volatility in options rises, I'm more willing to hedge and cut the tail risk, saving some bullets to add back once emotions stabilize.
Now there's too much information, especially rumors flying around about testnet incentives, staking expectations, whether the mainnet will issue tokens, and so on, which makes people a bit anxious...
I filter very simply: only look at on-chain real interactions and the original words from project teams, everything else is noise.
To put it plainly, when the macro trend is unfavorable, it's better to dream less and just focus on living.